Triplex with Walk-Up
68 Hillside Street Boston, MA 02120
68 Hillside Street, Boston, MA, 02120
$2,095,000
For Sale
$2,095,000
Three-unit triple decker with walk-up attic and recent window, bath, and deck improvements; current leases through 8-31-27.
Property Size3,750 SF
Price / SF$558.67
Days on Market35
Property Features for 68 Hillside Street
General Information
- Standard status
- Active
- Size
- 3,750 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Northeastern Realty Group
Listed by
The GBRI Team
(978) 658-2345
Source
Wilsonwolfe
Added: Jun 18 Updated: Jul 20 at 9:56PM Checked: Jul 21 at 7:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northeastern Realty Group
Investment Insights
Based on property information with market context.
This hillside Street triple decker offers three separate units within a multifamily income structure. The property has a walk-up attic on the fourth floor, and the current layouts are used as 3-bedroom units though a 4-bedroom layout is currently in place. Recent improvements include new windows in unit 3, a new tile bath on the second floor, and replacement of the front and rear decks. Additional storage is available with three individual storage rooms in the basement and a walk-up attic accessed from the third floor rear stairs.
The building is located in Boston, MA near colleges and hospitals, with tenants in place September 1st each year and current leases running through 8-31-27. The owner notes exterior items still requiring attention, including a quote to install new siding and window trim for $70,000 and a new roof for $20,000. Showings are available by appointment.
The building is located in Boston, MA near colleges and hospitals, with tenants in place September 1st each year and current leases running through 8-31-27. The owner notes exterior items still requiring attention, including a quote to install new siding and window trim for $70,000 and a new roof for $20,000. Showings are available by appointment.
Key Highlights
- Hillside Street 3‑unit triple decker built in 1900 with a walk‑up attic off the third‑floor rear stairs
- Strong rental performance: $12,650/month reported for 9‑1‑26; leases in place through 8‑31‑27
- Current lease history notes tenants on September 1st every year; showings available by appointment
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.8k | $37.80 |
| − Vacancy | −$6.4k | −$1.70 |
| EGI | $135.4k | $36.10 |
| − OpEx | −$40.6k | −$10.83 |
| NOI | $94.8k | $25.27 |
3,750 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,760 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,095 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,560 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit triple decker with walk-up attic and recent window, bath, and deck improvements; current leases through 8-31-27.
Where is this triplex located?
The property is located at 68 Hillside Street Boston, MA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Hillside Street 3‑unit triple decker built in 1900 with a walk‑up attic off the third‑floor rear stairs; Strong rental performance: $12,650/month reported for 9‑1‑26; leases in place through 8‑31‑27; Current lease history notes tenants on September 1st every year; showings available by appointment
